What are CGT assets?
This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
All assets are subject to the capital gains tax rules unless they are specifically excluded. Many CGT assets are easily recognisable - for example, land and buildings, shares in a company and units in a unit trust. Other CGT assets are not so well understood - for example, contractual rights, options, foreign currency and goodwill.
CGT assets fall into 3 categories - collectables, personal use assets and other assets.
Last modified: 18 Sep 2009QC 18323